Out of the myriad of technologies available to businesses to save money or enhance performance, video conferencing has enjoyed one of the most quickly-increasing popularities in recent years. While there are a number of reasons that it is so popular, it is principally the financial benefits which make it so attractive to businesses.
An important part of the globalisation process we are currently in that many businesses now operate their headquarters or chains in different parts of the world. This is where video conferencing is an excellent money-saving scheme for businesses, as the cost of flying or transporting their staff in order to have crucial meetings can be incredibly high and also means the time of travel has to be accounted for. Businesses often trade or buy from overseas also, which means that video conferencing can play an important role between suppliers.
The governments in many countries, including the United Kingdom, are beginning to penalise businesses harshly for having excessively large carbon footprints or even for failing to become carbon neutral in order to maintain our environment. As video conferences reduce the need for employees to travel it also helps to dramatically reduce the carbon footprint of a company, once again potentially saving money.
When comparing the use of video conferencing and traditional telephone calls, there is a clear winner. Not only does using video calling mean you have a face-to-face conversation, important for clients and other businesses alike, it can also be much cheaper than international calling. As video conferencing uses the internet, both quality and price can be preferable to normal long-distance calls with the right conferencing package.
The initial capital needed to implement a working video conference system is also a benefit which helps to make it so popular - it is relatively cheap to acquire video conferencing capabilities. The physical requirements for video calling are very cheap, especially if you already have computers with internet access, and some software is cheap or even free, meaning costly business trips can be a thing of the past for your company.
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Orignal From: The Financial Advantages of Business Video Conferencing
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